NASDAQ$JACK
Jack in the Box Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Jack in the Box Inc. reported Q4 2022 earnings with revenue increasing by 44.6% and same-store sales growing for both Jack in the Box and Del Taco.
Jack in the Box Inc. announced its Q4 2022 financial results, with total revenues increasing by 44.6% to $402.8 million. Diluted earnings per share was $2.17. Jack in the Box same-store sales increased by 4.0%, and Del Taco same-store sales increased by 5.2%. The company repurchased 0.3 million shares of its common stock for $25.0 million during the quarter.
- Jack in the Box same-store sales increased 4.0% in Q4 2022.
- Del Taco same-store sales increased 5.2% in Q4 2022.
- Systemwide sales increased 4.1% for Jack in the Box and 4.2% for Del Taco in Q4 2022.
- Net earnings increased to $45.9 million for the fourth quarter of fiscal 2022.
Headline financials
Revenue & EPS history
Jack in the Box · Revenue · Quarterly
$403M
Revenue by segment
Jack in the Box · $403M total across 4 segments · Q4 2022
- Company restaurant sales$214M+124.3%53.2%
- Franchise rental revenues$80.7M-4.4%20.0%
- Franchise royalties and other$56.9M+15.5%14.1%
- Franchise contributions for advertising and other services$50.7M+3.2%12.6%
Forward guidance
Jack in the Box Inc. provided guidance for fiscal year 2023, expecting positive net unit growth for Jack in the Box, driven by 25-30 gross openings, and 8-12 gross openings for Del Taco. The company anticipates low single-digit same-store sales growth for both brands. Restaurant Level Margin is expected to be 18-20% for Jack in the Box and 14-16% for Del Taco.
Tailwinds
- Expects positive net unit growth in 2023, led by 25-30 gross openings for Jack in the Box.
- Del Taco expects 8-12 gross openings in 2023.
- Anticipates low single-digit same-store sales growth for both Jack in the Box and Del Taco.
- Jack in the Box Restaurant Level Margin is expected to be 18-20%, which includes high single digit price increases.
- Del Taco Restaurant Level Margin is expected to be 14-16%, which includes high single digit price increases.
Headwinds
- Jack in the Box Restaurant Level Margin is impacted negatively by 125 bps due to the remaining Evolving Markets.
- Digital and restaurant level technology investments are expected to pressure Operating EPS by $0.22 in FY 2023.
- FY 2023 Company-owned Commodity Guidance up 9-11% vs. 2022
- FY 2023 Company-owned Wage Rate Guidance up 3-6% vs. 2022
- Operating EPS Guidance includes $0.08 negative impact associated with the reduction in rental revenue from real estate sales
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2022
+0.1%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-3.5%
Avg return
30 days after
47%
32 / 68 earnings
Positive
+20.0%
Q3 2019
Best reaction
-18.1%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -14.3% | -10.6% | +4.5% | |
| Q1 2026 | -18.1% | -20.9% | -50.0% | |
| Q4 2025 | +7.9% | +35.3% | +35.0% | |
| Q2 2025 | -6.6% | -14.3% | -28.7% | |
| Q1 2025 | +11.8% | +5.5% | -19.2% | |
| Q4 2024 | +3.8% | +4.2% | -11.5% | |
| Q3 2024 | -2.7% | +1.3% | -12.6% | |
| Q2 2024 | +0.6% | -0.4% | +4.1% | |
| Q1 2024 | -4.6% | -4.0% | -8.7% | |
| Q4 2023 | +2.5% | +0.6% | +20.3% | |
| Q3 2023 | -6.9% | -10.3% | -16.9% | |
| Q2 2023 | -0.5% | -3.5% | -4.8% | |
| Q1 2023 | +12.1% | +11.3% | +11.7% | |
| Q4 2022 | -15.3% | -14.7% | -20.3% | |
| Q3 2022 | +12.5% | +17.8% | +8.3% | |
| Q2 2022 | -5.5% | -3.7% | -16.5% | |
| Q1 2022 | -3.6% | -2.8% | +0.9% | |
| Q4 2021 | -6.6% | -8.2% | -11.4% | |
| Q3 2021 | -3.6% | -4.9% | +0.0% | |
| Q2 2021 | -6.7% | -5.1% | -2.6% | |
| Q1 2021 | -1.2% | -1.9% | +15.5% | |
| Q4 2020 | +4.2% | +4.1% | +5.5% | |
| Q3 2020 | -2.9% | -7.0% | -2.0% | |
| Q2 2020 | -0.5% | -3.1% | +7.8% | |
| Q1 2020 | -0.6% | -1.5% | -73.2% | |
| Q4 2019 | -5.1% | -8.1% | -8.6% | |
| Q3 2019 | +20.0% | +20.9% | +21.6% | |
| Q2 2019 | +1.9% | +5.9% | +10.5% | |
| Q1 2019 | -2.1% | -1.5% | -4.6% | |
| Q4 2018 | +4.9% | +8.6% | -0.3% | |
| Q3 2018 | +8.2% | +3.9% | +1.9% | |
| Q2 2018 | -7.3% | -8.6% | -4.6% | |
| Q1 2018 | +1.7% | +2.1% | -4.9% | |
| Q4 2017 | +1.0% | +4.1% | -4.2% | |
| Q3 2017 | +0.8% | +3.3% | -2.7% | |
| Q2 2017 | +8.1% | +4.5% | +6.7% | |
| Q1 2017 | -9.9% | -11.7% | -6.7% | |
| Q4 2016 | +6.0% | +5.9% | +9.5% | |
| Q3 2016 | +9.6% | +9.4% | +14.7% | |
| Q2 2016 | +9.1% | — | — | |
| Q1 2016 | -13.9% | — | — | |
| Q4 2015 | +5.0% | — | — | |
| Q3 2015 | -5.5% | — | — | |
| Q2 2015 | -4.4% | — | — | |
| Q1 2015 | +8.7% | — | — | |
| Q4 2014 | +6.6% | — | — | |
| Q3 2014 | +6.4% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | +9.5% | — | — | |
| Q4 2013 | +6.2% | — | — | |
| Q3 2013 | +3.6% | — | — | |
| Q2 2013 | -3.3% | — | — | |
| Q1 2013 | +3.4% | — | — | |
| Q4 2012 | +4.6% | — | — | |
| Q3 2012 | -2.0% | — | — | |
| Q2 2012 | +4.2% | — | — | |
| Q1 2012 | -2.2% | — | — | |
| Q4 2011 | -4.8% | — | — | |
| Q4 2010 | -4.8% | — | — | |
| Q3 2011 | +6.4% | — | — | |
| Q2 2011 | +4.8% | — | — | |
| Q1 2010 | -5.0% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q2 2010 | -0.9% | — | — | |
| Q4 2008 | -0.9% | — | — | |
| Q4 2009 | -6.7% | — | — | |
| Q3 2009 | -6.7% | — | — | |
| Q3 2010 | -6.7% | — | — |
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